Short Interest in Meiwu Technology Company Limited (NASDAQ:WNW) Grows By 267.8%
by Teresa Graham · The Cerbat GemMeiwu Technology Company Limited (NASDAQ:WNW – Get Free Report) was the recipient of a large increase in short interest during the month of June. As of June 30th, there was short interest totaling 31,458 shares, an increase of 267.8% from the June 15th total of 8,553 shares. Currently, 19.7% of the shares of the company are sold short. Based on an average daily trading volume, of 1,611,473 shares, the days-to-cover ratio is currently 0.0 days.
Meiwu Technology Stock Performance
Shares of NASDAQ WNW traded down $0.26 during midday trading on Monday, hitting $3.63. 84,156 shares of the company’s stock were exchanged, compared to its average volume of 1,041,260. The stock’s 50 day moving average price is $3.53 and its 200-day moving average price is $68.75. Meiwu Technology has a twelve month low of $2.25 and a twelve month high of $1,352.00.
Analyst Ratings Changes
Several equities analysts have recently issued reports on the stock. Weiss Ratings downgraded shares of Meiwu Technology from a “sell (d)” rating to a “sell (e+)” rating in a report on Monday, May 4th. Wall Street Zen downgraded shares of Meiwu Technology to a “strong sell” rating in a research report on Saturday, May 2nd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.
Check Out Our Latest Research Report on WNW
Insider Buying and Selling
In other Meiwu Technology news, major shareholder Financial Lp Hrt sold 9,054 shares of the stock in a transaction on Friday, May 8th. The stock was sold at an average price of $3.66, for a total value of $33,137.64. Following the sale, the insider directly owned 13,918 shares of the company’s stock, valued at $50,939.88. This trade represents a 39.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
About Meiwu Technology
Wunong Net Technology Company Limited, a holding company, engages in the online retail of foods products in China. The company offers green food, organic food, intangible cultural heritage food, agricultural products, and pollution-free products. It also operates a restaurant under the Wunong Food Hall name; and engages in the wholesale of agricultural products. The company was formerly known as Advancement International Limited and changed its name to Wunong Net Technology Company Limited in August 2019.